Fiat Chrysler to invest over $1 billion in Ram Truck plant

FCA Warren Truck Plant Ram 1500 Assembly Line

Fiat Chrysler said this week that it would move production of its Ram heavy pickup trucks from Mexico to MI.

When Fiat Chrysler announced its decision to move production of the Ram Truck plant from Mexico to Michigan, President Donald Trump tweeted praise for the company's "very wise decision" and a promise of more to follow.

FCA also plans to use some of the tax savings to give a $2,000 bonus to its roughly 60,000 employees as a monetary thank you. The automaker will modernize the Warren plant and prepare it for Ram HD production. The truck now is assembled in a Mexican factory that will be "repurposed" for another global product, FCA said.

In the same press release, FCA said it would make a special bonus payment of $2,000 to about 60,000 hourly and salaried USA employees.

Several companies have made announcements of employee bonuses in hikes in minimum age since the Republican-controlled Congress passed tax reform legislation in December.

FCA will shift production of trucks from its current plant in Mexico back to a plant near Detroit and will also divvy up bonuses to the company's American workers, in light of the recent tax reform law, The Sun Herald reports.

Fiat Chrysler Automobiles (FCAU) said late Thursday it will distribute special bonuses to USA employees and add 2,500 new jobs as a result of the tax reform bill signed by President Donald Trump.

Purchases 1292 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Veritable Limited Partnership has invested 0.04% of its portfolio in PG&E Corporation (NYSE:PCG). (NASDAQ:AMZN) for 261 shares. The Vontobel Asset Management Inc holds 278,297 shares with $274.34 million value, down from 410,272 last quarter.

Trump to attend the World Financial Discussion board at Davos
It is all about creating jobs and economic growth for the USA ... "I can assure you it has nothing to do with anything other than that".

Andy Cole urges Jose Mourinho to break the bank for Alexis Sanchez
Sanchez has always been a target for City and they offered £60million for the 29-year-old, without success, last summer. So he wants to fight as well for the Premier League , that's normal when you are at that level.

$350 million in the Belvidere Assembly Plant (Illinois) to produce the Jeep Cherokee, which moved from Toledo, Ohio in 2017.

The Saltillo plant will be repurposed for production of future commercial vehicles for global distribution.

Mark Hackel, Macomb County executive, said the Thursday announcement is part of an ongoing narrative.

Dealers will update the engine control software, the company said, adding that most incidents associated with the glitch took place at low speeds or when the vehicles were starting up. In talks about revising the North American Free Trade Agreement, Trump's administration has proposed a requirement that 50% of all auto parts or vehicles assembled in Mexico start in the USA, and fears have been renewed that the trade deal is imperiled.

Talks between the USA and Mexico bogged down in late November after Mexico proposed to limit US companies' ability to bid on government contracts.

A Chrysler Warren Truck Assembly sign is seen in front of the Fiat Chrysler Automobiles (FCA) plant in Warren, Michigan October 7, 2015. BidaskClub raised Fiat Chrysler Automobiles from a buy rating to a strong-buy rating in a research note on Thursday, September 28th.

Related News:

  • No intentional wrongdoing in Satyam fraud: Price Waterhouse

    No intentional wrongdoing in Satyam fraud: Price Waterhouse

    PwC expressed disappointment at the findings and said it was confident of getting a stay before the order takes effect. The public had no reason to believe that the audit reports were false and misleading.

    Starbucks (NASDAQ:SBUX) Rating Reiterated by Tigress Financial

    The institutional investor owned 169,060 shares of the coffee company's stock after selling 96,870 shares during the period. With approx. 1.41 billion shares in outstanding, the company has a market cap of $83423.67 as per the current valuation.
    Israel PM Benjamin Netanyahu to arrive in India today

    Israel PM Benjamin Netanyahu to arrive in India today

    He is the second Israeli prime minister to visit India in the last 25 years of diplomatic relations between the two countries. Bhaskar said both the countries have long-standing defence ties and new areas of cooperation are being explored.
  • Israel destroys Hamas tunnel under Gaza, says it was intended for attacks

    Israel destroys Hamas tunnel under Gaza, says it was intended for attacks

    According to the Israeli army, the tunnel passed under the Kerem Shalom border crossing, near the Egyptian border. Earlier Motzoei Shabbos, the IDF closed the Kerem Shalom crossing, and it is to remain closed throughout Sunday.
    Dissidia Final Fantasy NT Open Beta Begins Today

    Dissidia Final Fantasy NT Open Beta Begins Today

    The latest installment to the " Final Fantasy " video game franchise is one of the most-awaited video game releases of 2018. Another good thing about it is that you don't need PlayStation Plus to download and play the open beta.
    'The Commuter' - Liam Neeson continues to use his 'special set of skills'

    'The Commuter' - Liam Neeson continues to use his 'special set of skills'

    The film could have likely worked without all the punching and kicking provided, but then what would be left for The Commuter . Liam Neeson has built his late career around being your dad, or rather, the power fantasy that your dad wishes he were.
  • Pepsico (NASDAQ:PEP) Given Hold Rating at Jefferies Group

    Goldman Sachs maintained the stock with "Buy" rating in Thursday, July 27 report. (NASDAQ:PEP) on Monday, August 7. Confluence Investment Management LLC lifted its holdings in shares of Pepsico by 2.0% during the fourth quarter.
    Manchester City give Manchester United free run at Alexis Sanchez

    Manchester City give Manchester United free run at Alexis Sanchez

    He'll have the choice of a lot of clubs and, if United could get him, it would be a massive signing". Ritchie said on MUTV: "A player of his stature and nature, you have got to be interested".
    Updated Google Assistant is now available for Android Auto

    Updated Google Assistant is now available for Android Auto

    Other manufacturers announced their own smart speaker products running the Google Assistant, or at least plans to adopt it. In summary, Amazon is looking at Alexa not just as a virtual assistant for speakers, but as a robust smart home platform.
  • InLukeWeTrust: Lakers owner Jeannie Buss, Magic Johnson back Luke Walton as coach

    InLukeWeTrust: Lakers owner Jeannie Buss, Magic Johnson back Luke Walton as coach

    The Spurs will look to rebound from this loss on Sunday when they face the Denver Nuggets back home at 7:30 p.m. A groin injury would sideline Danny Green and Kawhi Leonard was also out because of a left shoulder strain.
    Del Potro too strong for Shapovalov in Auckland

    Del Potro too strong for Shapovalov in Auckland

    He cruised through a first-set tiebreaker after both players could not break serve, before seizing the initiative at the start of the second set.
    Bella and Gigi Hadid share devastating photos from their flooded hometown

    Bella and Gigi Hadid share devastating photos from their flooded hometown

    He was later spotted spending quality time with Hailey Baldwin after Kenny J allegedly moved on to rapper A$AP Rocky. Bella Hadid is reportedly "hooking up" with National Basketball Association star Jordan Clarkson .


Most liked

YouTube Exec Addresses Logan Paul Suspension:"He Has Made Missteps"
The 22-year-old's YouTube channel has more than 15 million followers and was reportedly worth more than 12 million dollars in advertising revenue last year.

USA judge blocks Trump move to end DACA program for immigrants
The two people spoke on condition of anonymity because they weren't authorized to publicly discuss the Oval Office meeting. Among other things, in order to qualify, DREAMers had to prove they'd been in the USA continuously since June 15, 2007.

Federal judge blocks Trump's attempt to let DACA expire for current recipients
However, the administration doesn't have to process applications for those who have never before received DACA protections. A deal for recipients of DACA - Deferred Action for Child Arrivals - is a pressing priority for lawmakers.

Australian Open 2018: Could we see new champions in both draws?
Maybe this goes without saying, but it needs to be said in a powerful way: I absolutely want more Grand Slams". He had an exceptional 2017, winning seven titles, including two Slams - the Australian Open and Wimbledon .

Warriors almost blow huge lead, escape Toronto with dramatic win
Jonas Valanciunas's dunk pulled the Raptors to within 94-83 with 3:16 remaining but Golden State ended the quarter on an 11-2 run. Toronto outscored the Warriors 35-27 in the third to cut their lead to 108-89 heading into the fourth.

Tennessee Titans take on New England Patriots Saturday
Slowing those three players down will be imperative to the Patriots defeating the Titans and advancing in the postseason. Still, if there is one thing the Patriots have done better than most under Belichick, it is quieting the noise.

Ethiopia's lawmakers approve ban on foreign adoptions
A U.S. couple was convicted in 2013, in the death of their 13-year-old daughter, whom they adopted from Ethiopia. Ethiopia has banned the adoption of Ethiopian children by foreign families over concern that they face abuse.

Farage has salary slashed to recoup 'misspent funds'
Helmer, who gave no explanation of his decision to stand down halfway through the parliamentary term, has always denied wrongdoing.

Western Digital Corp's (NASDAQ:WDC) Sentiment is 1.12
Always volatility measures make charm for active trader; price volatility of stock was 1.85% for a week and 2.07% for a month. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.

Catholic leaders condemn Trump remarks about Haiti, Africa
Trump also denied saying "anything derogatory about Haitians other than Haiti is, obviously, a very poor and troubled country". The president implied Friday morning on Twitter that maybe he should start recording meetings because there is no trust.

Bremer Trust National Association Has $368000 Position in NXP Semiconductors NV (NXPI)
Nxp Semiconductors N V now has $40.54 billion valuation. (NXPI) traded up $0.33 during midday trading on Friday, reaching $119.58. Middleton & Co Inc decreased its stake in Cbs Corp New (CBS) by 36.04% based on its latest 2017Q3 regulatory filing with the SEC.

Full-body tattoos lead to arrest of 72-year-old Japanese fugitive
The full body suit tattoo, which covers nearly the whole body such as Shirai's, is typical of the designs seen on members. Mr Shirai is wanted for murder 14 years ago and is suspected of being part of a gang that killed...

NHS England Defers All Non-Urgent Care To Accommodate Emergencies
In 2015, the health secretary Jeremy Hunt said that charges were a possibility but this was later ruled out by David Cameron. Hospital patients could face disruption this month - with many pre-planned operations and routine appointments to be delayed.

Spartak Moscow Condemned By Anti-Racism Groups For Offensive Twitter Post
Spartak Moscow have become embroiled in a fresh racism row after posting a tweet about three black players. It is not the first time Spartak have been censured over racist behaviour this season.

Exxon Mobil Corporation (NYSE:XOM)
Howard Weil upgraded Exxon Mobil from an "outperform" rating to a "focus list" rating in a research note on Friday, December 22nd. Kentucky Retirement has invested 0.07% in Huntington Bancshares Incorporated (NASDAQ:HBAN). 5,395 are held by Vision Cap Mgmt.